Thursday, August 16, 2012

The carbon tax roared to life this month with arguably the most debate Australia has seen since the introduction of the GST.

As the Labor government battles to reassure Australians of the benefits of the new scheme, there are plenty of everyday costs now being compensated.

The government has also been quick to point out the possible benefits for Australia’s economic future as well as the environmental wellbeing for future generations.

Despite the government now feeding cash back to families and pensioners under income tax cuts beginning July 1, around 51 per cent of people still believe they will be worse off under the carbon tax.

As the debate continues and the carbon tax becomes a reality, some features of the new tax scheme could actually result in weekly savings (as well as reduced carbon emissions).